Common use of Replacement of the Notes Clause in Contracts

Replacement of the Notes. If a mutilated Note Certificate is surrendered to the Issuer or the Trustee, or if the Holder of a Note Certificate claims that the Note Certificate has been lost, destroyed or wrongfully taken, the Issuer shall issue a replacement Note Certificate in such form as the Note Certificates mutilated, lost, destroyed or wrongfully taken if, in the case of a lost, destroyed or wrongfully taken Note Certificate, the Holder of such Note Certificate furnishes to the Issuer and/or the Trustee, as applicable, evidence reasonably acceptable to them of the ownership and the destruction, loss or theft of such Note Certificate. If required by the Issuer or the Trustee, indemnity and/or security and/or pre-funding to its satisfaction each to protect the Issuer and the Trustee, and any agent of the foregoing, from any loss that any of them may suffer if such Note Certificate is replaced shall be provided by the Person to whom the replacement Note Certificate has to be issued. The Issuer may charge such Holder for the Issuer’s out-of-pocket expenses in replacing such Note Certificate, and the Trustee may charge the Issuer for their expenses in replacing such Note Certificate. Every replacement Note Certificate shall constitute an additional obligation of the Issuer. If, after the delivery of such replacement Note Certificate, a bona fide holder of the original Note Certificate in lieu of which such replacement Note Certificate was issued presents for payment or registration such original Note Certificate, the Trustee shall be entitled to recover such replacement Note Certificate from the Person to whom it was delivered or any Person taking therefrom, except a bona fide holder, and shall be entitled to recover upon the security and/or indemnity and/or pre-funding provided therefor to the extent of any loss, damage, cost or expense incurred by the Issuer or the Trustee in connection therewith.

Appears in 1 contract

Sources: Trust Deed (ReNew Energy Global PLC)

Replacement of the Notes. If a mutilated Note Certificate is surrendered to the Issuer a Paying Agent, Registrar or the Trustee, or if the Holder of a Note Certificate claims that the Note Certificate has been lost, destroyed or wrongfully taken, the Issuer shall issue and the Trustee or the Authenticating Agent shall, upon receipt of an Authentication Order, authenticate a replacement Note Certificate in such form as the Note Certificates Notes mutilated, lost, destroyed or wrongfully taken if, in the case of a lost, destroyed or wrongfully taken Note CertificateNote, the Holder of such Note Certificate furnishes to the Issuer Issuer, a Paying Agent, Registrar and/or the Trustee, as applicable, evidence reasonably acceptable to them of the ownership and the destruction, loss or theft of such Note CertificateNote. If required by the Issuer Issuer, relevant Paying Agent, Registrar or the Trustee, indemnity and/or security and/or pre-funding to its satisfaction each to protect the Issuer Issuer, such Paying Agent, Registrar and the Trustee, and any agent of the foregoing, from any loss loss, cost or expense (including, without limitation, attorneys’ fees and expenses) that any of them may suffer if such Note Certificate is replaced shall be provided by the Person to whom the replacement Note Certificate has to be issuedreplaced. The Issuer may charge such Holder for the Issuer’s out-of-pocket expenses in replacing such Note CertificateNote, and such Paying Agent, the Registrar and the Trustee may charge the Issuer for their expenses (including, without limitation, attorneys’ fees and expenses) in replacing such Note CertificateNote. Every replacement Note Certificate shall constitute an additional obligation of the Issuer. If, after the delivery of such replacement Note CertificateNote, a bona fide holder purchaser of the original Note Certificate in lieu of which such replacement Note Certificate was issued presents for payment or registration such original Note CertificateNote, the Trustee shall be entitled to recover such replacement Note Certificate from the Person to whom it was delivered or any Person taking therefrom, except a bona fide holderpurchaser, and shall be entitled to recover upon the security and/or indemnity and/or pre-funding provided therefor to the extent of any loss, damage, cost or expense incurred by the Issuer or Issuer, the Trustee Trustee, the Registrar, any other Agent and any Authenticating Agent in connection therewith.

Appears in 1 contract

Sources: Indenture (ReNew Energy Global PLC)